EntryPoint Capital LLC Acquires New Stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

EntryPoint Capital LLC bought a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 87,780 shares of the company’s stock, valued at approximately $537,000. EntryPoint Capital LLC owned about 0.11% of BigCommerce as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of BigCommerce by 1.8% in the third quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company’s stock worth $10,859,000 after buying an additional 35,016 shares during the last quarter. Clearline Capital LP raised its position in BigCommerce by 69.7% in the third quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock worth $9,428,000 after acquiring an additional 661,688 shares during the period. Geode Capital Management LLC boosted its stake in shares of BigCommerce by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company’s stock worth $9,363,000 after acquiring an additional 21,105 shares during the last quarter. State Street Corp grew its position in shares of BigCommerce by 1.1% during the 3rd quarter. State Street Corp now owns 1,522,002 shares of the company’s stock valued at $8,904,000 after acquiring an additional 16,561 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of BigCommerce by 3.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company’s stock worth $7,730,000 after purchasing an additional 42,920 shares in the last quarter. 79.21% of the stock is currently owned by institutional investors.

BigCommerce Price Performance

Shares of BigCommerce stock opened at $6.09 on Tuesday. BigCommerce Holdings, Inc. has a 52 week low of $5.13 and a 52 week high of $8.60. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The company has a market capitalization of $478.67 million, a price-to-earnings ratio of -17.40 and a beta of 1.13. The stock’s 50-day simple moving average is $6.42 and its 200-day simple moving average is $6.27.

BigCommerce (NASDAQ:BIGC) last issued its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The company had revenue of $87.03 million for the quarter, compared to the consensus estimate of $86.90 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. As a group, analysts expect that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff acquired 177,158 shares of the stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $6.64 per share, for a total transaction of $1,176,329.12. Following the completion of the transaction, the director now directly owns 253,333 shares of the company’s stock, valued at $1,682,131.12. This trade represents a 232.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of BigCommerce in a report on Wednesday, March 12th. Barclays lowered shares of BigCommerce from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $8.00 to $7.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, BigCommerce currently has an average rating of “Hold” and a consensus target price of $7.80.

BigCommerce Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.